Banking Infrastructure

JP Morgan has partnered with DBS Bank and Singapore government-owned firm Temasek to introduce a new joint payments company.

Virgin Money has partnered with FinTech company Trade Ledger to deliver a quicker, more user-friendly experience for business customers applying for lending.

Payments giant Stripe has entered into an agreement to purchase sales tax software enterprise TaxJar to improve tax compliance rates for internet firms.

Berlin-based challenger bank Vivid Money has raised $60m from a Series B funding round led by Greenoaks.

London-based invoicing and payment app Osu entered into a partnership with open banking infrastructure provider Yapily to eliminate payment fees for self-employed professionals and entrepreneurs.

Singaporean payments company FOMO Pay has partnered with buy now pay later (BNPL) firm Atome to expand the use of BNPL in Asia.

Hot cloud storage company Wasabi has raised $112m from a Series C funding round led by Fidelity Management & Research Company.

Dutch challenger bank Bunq has reached a milestone of €1bn in user deposits.

US cryptocurrency enterprise Gemini has launched a first-of-its-kind cryptocurrency rewards credit card in partnership with Mastercard and WebBank.

A BAE Systems survey has found nearly three-quarters of financial organisations have experienced a rise in cybercrime since the beginning of the Covid-19 pandemic.